Freddie Mac - New Rules for Investment Property - Darren Stewart OakStar Bank

By
Services for Real Estate Pros with Mortgage Investment Services Corporation

Freddie Mac announced this week that the maximum amount of investment properties that an investor can have financed is changing from 10 properties down to 4 properties, as of now Fannie Mae has yet to make their announcement but with them limiting the amount of properties this will limit options for investors looking at property accumulation.

There are still some options however it is getting more and more limiting all the time so make sure you are up to date on each of these guideline changes, should you or an investor client of yours have any questions please feel free to have them call or email me with any questions they may have.

Darren Stewart

OakStar Bank

 

Comments (3)

steve baylock
nalley insurance - Columbus, NM
Great information, I will be sure to pass it on to all my friends at REMAX Around the Mountains in Blue Ridge, Georgia and my other friends.
Apr 24, 2008 02:25 PM
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer
Thanks for this update!  I know there are a ton of "investment"properties going back to the bank here so this could be one big reason for the rule change if this is happening nationwide!
Apr 24, 2008 02:28 PM
Selling Homes in Western New York, Licensed Real Estate Broker, Terri Kern
Turning Key Realty - East Amherst, NY
Terri Kern, Broker, Turning Key Realty

Thanks for the information.  I am going to talk to my mortgage specialist tomorrow on this. 

Apr 24, 2008 02:59 PM